By Babajide Komolafe
United Bank for Africa, UBA Plc, has announced the retirement of its Group Chairman, Tony Elumelu and the appointment of Mr. Emmanuel Nnorom as his successor.
In a statement announcing the board leadership change filed with the Nigerian Exchange, NGX, the bank stated: “Mr. Tony O. Elumelu, Group Chairman of UBA, will retire from the Board of Directors of UBA with effect from 21 August 2026, upon the completion of the maximum 12-year tenure prescribed for Non-Executive Directors of Banks by the Central Bank of Nigeria.
“At its meeting held on 6 July 2026, the Board accepted Mr. Elumelu’s retirement letter and elected Mr. Emmanuel N. Nnorom, a Non-Executive Director of the Bank, as his successor, with effect from 21 August 2026.
“The Board places on record its profound appreciation to Mr. Elumelu for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.
